Update Daily Technical Levels from FXCC 08 Sep 2011
EUR/USD
Intraday Technical Levels:
Pivot: 1.411
Preference: Short positions below 1.411 with targets @ 1.401 & 1.3975 in extension.
Alternative Scenario: Above 1.411 look for further upside with 1.415 & 1.42 as targets.
Comment: the pair is capped by a declining trend line and is shaping a triangle pattern.
USD/JPY
Intraday Technical Levels:
Pivot: 77.5
Preference: Short positions below 77.5 with targets @ 77.05 & 76.8 in extension.
Alternative Scenario: Above 77.5 look for further upside with 77.7 & 77.85 as targets.
Comment: the pair is under pressure and is approaching its support.
GBP/USD
Intraday Technical Levels:
Pivot: 1.6055
Preference: Short positions below 1.6055 with targets @ 1.595 & 1.5915 in extension.
Alternative Scenario: Above 1.6055 look for further upside with 1.61 & 1.614 as targets.
Comment: the pair is posting a rebound but remains capped by a declining trend line.
Daily Technical Levels from fxcc.com
Source: FX Central Clearing http://www.fxcc.com
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08-09-2011, 03:23 PM #1
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Update Daily Technical Levels from FXCC 08 Sep 2011
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